Arlington, VA - United States-based original equipment manufacturers of packaging machinery shipped an estimated $5.851 billion in packaging equipment in 2002, up $26 million from 2001. With the results, U.S. packaging machinery manufacturers maintained their lead in the world's packaging machinery marketplace, according to figures released by the Confederation of Packaging Machinery Associations (COPAMA
The COPAMA figures, a collaborative market research effort of the world's 13 largest packaging machinery manufacturing associations, reports shipments of packaging machinery reached $21.206 billion in 2002, a $1.343 billion increase over 2001. The 6% rise in packaging machinery purchasing represent the tabulation of 11 of the 13 COPAMA member companies, and includes the first ever report of Russia's figures.
According to the report, U.S. packaging equipment continues to outsell packaging machinery from other markets. With shipments last year of $5.851 billion, U.S. builders enjoyed a 28% market share.
German manufacturers ranked second with $3.762 billion sold, moving up one rank from the 2001 announcement with an 18% market share. Japan moved down one spot, with $3.168 billion in sales and a 15% market share.
"The 2002 COPAMA report indicates the global packaging machinery market is back on track following a 1% drop in sales in 2001," commented Charles D. Yuska, president of PMMI. "This is promising news for all machinery manufacturers and a hopeful sign that we are in the midst of a full economic recovery in the global manufacturing sector.”
The Packaging Machinery Manufacturers Institute (PMMI) is a trade association whose more than 500 members manufacture packaging and packaging-related converting machinery in the United States and Canada. PMMI's vision is to be the leading global resource for packaging. Its mission is to improve and promote members' abilities to meet the needs of their customers.
PMMI is the sponsor and producer of the PACK EXPO shows, the world's leading packaging shows. PACK EXPO Las Vegas 2003 takes place October 13-15, 2003 at the Las Vegas Convention Center in Las Vegas, NV, USA. PACK EXPO International is held every two years and features more than 1,600 exhibitors and covers more than 1.2 million net square feet. PACK EXPO International 2004 will be held Nov. 7-11, 2004 at McCormick Place, Chicago, Il, USA. PMMI also co-produces EXPO PACK México, the largest packaging show in Mexico. This show will be held June 22-25, 2004 at Expo Santa Fe, Mexico City, Mexico.
